Average Price of Japan’s Feb-Contracted Spot LNG Is $12.7

摘要

According to an LNG price survey released on March 9 by the Ministry of Economy, Trade and Industry (METI)of Japan, the country’s spot LNG contracted in February averaged at $12.7 per MMBtu (preliminary figure). Affected bynegative factors such as weakened inquiries in response to the forecast of a rise in temperature and supplier’ facilitytroubles, the average price plunged by as much as $5.8 or 31.4% from last month’s $18.5, the highest ever since the startof the price survey in March 2014. The current negotiations for April-arrival cargoes are hovering around at further lowerlevels of high-$5.